Both ETFs will begin trading on the Toronto Stock Exchange ("TSX") under the below ticker symbols with both a Class E unit and an
Advisor Class unit.

Name of ETF

TSX Ticker Symbol

Class E Units

Advisor Class Units

Horizons High Yield Bond ETF

HYI

HYI.A

Horizons U.S. Floating Rate ETF

HUF.U

HUF.V

The investment objectives of Horizons HYI are to provide its unitholders
with: (i) high total return income; and (ii) monthly distributions.
Horizons HYI invests, directly or indirectly, primarily in high-yield
debt securities of North American companies. Horizons HYI may also
invest, directly or indirectly, in convertible debentures, preferred
shares and mortgage-backed securities. Horizons HYI will, to the best
of its ability, seek to hedge its non-Canadian dollar currency exposure
to the Canadian dollar at all times.

The investment objective of Horizons HUF.U is to generate income that is
consistent with prevailing U.S. short-term corporate bond yields while
stabilizing the market value of the ETF from the effects of U.S.
interest rate fluctuations. Horizons HUF.U invests primarily in a
portfolio of U.S. corporate debt securities and will hedge the
portfolio's U.S. interest rate risk to generally maintain a portfolio
duration of less than two years. Horizons HUF.U may also invest in U.S.
government debt securities and debt securities of non-U.S. companies.
Horizons HUF.U may also invest in debt securities directly, or through
investments in securities of other investment funds, including exchange
traded funds. Horizons HUF.U will use derivatives, including interest
rate swaps, to deliver a floating rate of income. As Horizons HUF.U is
denominated in U.S. dollars, Horizons HUF.U will generally seek to
hedge its Canadian dollar currency exposure to the U.S. dollar.

Horizons HUF.U is the second floating rate bond ETF launched by Horizons
ETFs. The structure of HUF.U is very similar to that of the already
existing Horizons Floating Rate Bond ETF, except that Horizons HUF.U
will invest primarily in U.S. corporate bonds and distribute in U.S.
dollars.

To achieve the investment objectives of the ETFs, Natcan will use
fundamental credit research to select companies that, based on their
view on the company's industry and growth prospects, are believed to
offer attractive risk adjusted returns. "These two ETFs further enhance our partnership with Natcan's fixed
income team, which is one of the most capable bond management teams in
Canada," said Howard Atkinson, CEO of Horizons ETFs, "Philosophically, our firm is of the belief that a low-cost
actively-managed strategy can deliver better performance than a passive
indexing strategy for certain asset classes, which include corporate
bonds, high yield bonds and preferred securities. Natcan has done an
excellent job in managing their existing ETF mandates and reinforcing
our view that an active strategy can overcome many of the limitations
found with index replication in these asset classes."

These two new ETFs will be the fifth and sixth income-focused mandates
that Natcan sub-advises for Horizons ETFs. Natcan's fixed income team
are also the sub-advisors of the Horizons Corporate Bond ETF
(TSX:HAB), the Horizons Floating Rate Bond ETF (TSX:HFR), the Horizons
Tactical Bond ETF (TSX:HAF) and the Horizons Preferred Share ETF
(TSX:HPR).

Horizons HYI and Horizons HUF.U have closed the offering of their
initial units and will begin trading today on the TSX when the market
opens this morning.

About Natcan Investment Management (www.natcan.com)
Founded in 1990, Natcan Investment Management Inc. is a subsidiary of
the National Bank of Canada. Since the firm's founding, Natcan has
privileged shared ownership between the parent company and its key
professionals. Recognized as a leading portfolio management firm in
Canada, Natcan provides investment solutions to institutional clients,
and acts as sub-advisor for mutual funds and private wealth portfolios.
With approximately $25 billion in assets under management as of January
31, 2012, the firm has about 45 investment professionals across its
Montreal and Toronto offices.

About Horizons Exchange Traded Funds Inc. (www.horizonsetfs.com)
Horizons ETFs is an innovative financial services company offering the
Horizons ETFs family of ETFs. The Horizons ETFs family includes a
broadly diversified range of investment tools with solutions for
investors of all experience levels to meet their investment objectives
in a variety of market conditions. With more than $3.3 billion in
assets under management and 77 ETFs listed on the Toronto Stock
Exchange, the Horizons ETFs family makes up the largest selection of
ETFs in Canada. Horizons ETFs is a subsidiary of Horizons ETFs
Management (Canada) Inc. and a member of the Mirae Asset Financial
Group.